How many renters live in Nekoosa, Wisconsin?
The City of Nekoosa has 2,489 people living in 1,092 households.
There are 840 renters living in 347 renter households in this City. Renters make up 33.75 percent of the population living in Nekoosa.
What is the rental market like in Nekoosa, Wisconsin?
There are an estimated 1,143 housing units in the Nekoosa area. Of these, 378 units are rental homes, making up 33 percent of the housing market. For every renter household in Nekoosa, Wisconsin, there are 1 rental units.
What is the vacancy rate for rentals in Nekoosa?
The rental vacancy rate in Nekoosa is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Nekoosa for each bedroom size?
Occupied Rental Units by Size in Nekoosa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 131 | 99 | 62 | 26 |
Occupied Rental Units by Size in Nekoosa
A large number of apartments in Nekoosa have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Nekoosa are overburdened by housing costs?
Among renter households in this market, 28 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Nekoosa
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $641 to $1,217. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $641 |
| One BR | $696 |
| Two BR | $914 |
| Three BR | $1,190 |
| Four BR | $1,217 |
2024 Fair Market Rents in Nekoosa, Wisconsin
How many units are rented at Fair Market Rent (FMR) in Nekoosa?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 100 | 76 percent |
| Two BR | 82 | 83 percent |
Rental Units Below FMR in Nekoosa, Wisconsin
How many affordable rental units are in Nekoosa?
There are a variety of federal affordable housing programs serving households in Nekoosa, Wisconsin including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 36 |
| Section 8 Project-Based Rental Assistance | 42 |
Tracked Units by Federal Program in Nekoosa, Wisconsin
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Nekoosa, Wisconsin
Nekoosa features 42 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Nekoosa, Wisconsin
There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Nekoosa.
Housing Choice Vouchers in Nekoosa, Wisconsin
On average, Section 8 Housing Choice vouchers pay Nekoosa landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Nekoosa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Nekoosa, Wisconsin for a two-bedroom apartment is between $823 and $1,005.
Sourced from federal housing data and AffordableHousingOnline.com research.
